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Monday, March 21, 2011

AT&T seen selling assets to get nod for mega deal, (NYSE: T), (NASDAQ: AAPL)

AT&T's (T.N) planned buy of Deutsche Telekom AG's (DTEGn.DE) T-Mobile USA will face major demands from U.S. regulators, including extensive asset sales and promises to serve rural areas, but the $39 billion deal is expected to ultimately get a government nod. The deal gives AT&T -- the No. 2 US mobile service often criticized for dropped calls and slow connection speeds -- additional capacity to meet ever-growing demands for videos and data from devices such as Apple Inc's (AAPL.O) iPhone. Deutsche Telekom will get rid of an asset that is declining in profitability. [ID:nN20237333]

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